Maruti Suzuki profit soars 51% to ₹1,875 crore in Jan-Mar
The Hindu
Consolidated total revenue from operations stood at ₹26,749.2 crore.
The country's largest carmaker Maruti Suzuki India on Friday reported a 51.14% jump in consolidated net profit to ₹1,875.8 crore in the fourth quarter ended on March 31, 2022.
The company had posted a consolidated net profit of ₹1,241.1 crore in the same period of the previous fiscal, Maruti Suzuki India said in a regulatory filing.
Consolidated total revenue from operations stood at ₹26,749.2 crore as against ₹24,034.5 crore in the fourth quarter a year ago, it added.
Total vehicle sales in the quarter under review stood at 4,88,830 units, lower by 0.7 % compared to the same period previous year. Domestic sales were at 4,20,376 units, a decline of 8% over that in Q4 FY21, the company said, adding exports were at 68,454 units which is the highest ever in any quarter.
For the fiscal ended March 31, 2022, the company said its consolidated net profit stood at ₹3,879.5 crore as compared to ₹4,389.1 crore in FY21, down 11.6%.
Consolidated total revenue from operations for FY22 was at ₹88,329.8 crore as against ₹70,372 crore in FY21, it added.
The company sold a total of 16,52,653 vehicles during the year, up 13.4% over the previous year, it said, adding domestic sales were at 14,14,277 units, up 3.9% over FY 2020-21.
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